US ferrous scrap sale to Turkey hints at recovery in the works

Turkey has returned to the United States' ferrous scrap market, paying higher prices and leading many to believe that the US ferrous export market is showing signs of recovery.

A sale to Turkey by an East Coast exporter was reported on Wednesday February 12 involving a 40,000-tonne cargo at a price that was up by $4-8 per tonne from the two prior sales on February 7, in which an 80:20 mix of No1 and No2 heavy melting scrap at $260 and $264 per tonne. The latest sale contained 24,000 tonnes of HMS 1&2 (80:20) at $268 per tonne, 12,000 tonnes of shredded scrap at $273 per tonne and 4,000 tonnes of bonus-grade scrap at...

Published

Lisa Gordon

February 12, 2020

22:47 GMT

Pittsburgh